QTAC vs. GMMA
QTAC (Q3 All-Season Tactical Advantage ETF) and GMMA (GammaRoad Market Navigation ETF) are both Tactical Allocation funds. QTAC is actively managed, while GMMA is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. QTAC charges 1.78%/yr vs 0.75%/yr for GMMA.
Performance
QTAC vs. GMMA - Performance Comparison
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Returns By Period
In the year-to-date period, QTAC achieves a -1.42% return, which is significantly lower than GMMA's 3.85% return.
QTAC
- 1D
- 0.69%
- 1M
- 0.40%
- 6M
- -4.08%
- YTD
- -1.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMMA
- 1D
- 0.29%
- 1M
- 1.75%
- 6M
- 2.63%
- YTD
- 3.85%
- 1Y
- 9.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAC vs. GMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QTAC Q3 All-Season Tactical Advantage ETF | -1.42% | 1.87% |
GMMA GammaRoad Market Navigation ETF | 3.85% | 0.23% |
Correlation
The correlation between QTAC and GMMA is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.82 |
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Return for Risk
QTAC vs. GMMA — Risk / Return Rank
QTAC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GMMA
QTAC vs. GMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Q3 All-Season Tactical Advantage ETF (QTAC) and GammaRoad Market Navigation ETF (GMMA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QTAC | GMMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.68 | — |
| Martin ratioReturn relative to average drawdown | — | 8.45 | — |
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Drawdowns
QTAC vs. GMMA - Drawdown Comparison
The maximum QTAC drawdown since its inception was -16.56%, which is greater than GMMA's maximum drawdown of -5.21%. Use the drawdown chart below to compare losses from any high point for QTAC and GMMA.
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Drawdown Indicators
| QTAC | GMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.56% | -5.21% | -11.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.39% | — |
Current DrawdownCurrent decline from peak | -5.00% | -0.17% | -4.83% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -1.23% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.07% | — |
Volatility
QTAC vs. GMMA - Volatility Comparison
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Volatility by Period
| QTAC | GMMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.87% | 6.14% | +22.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.87% | 7.33% | +21.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.87% | 7.33% | +21.54% |
QTAC vs. GMMA - Expense Ratio Comparison
QTAC has a 1.78% expense ratio, which is higher than GMMA's 0.75% expense ratio.
Dividends
QTAC vs. GMMA - Dividend Comparison
QTAC's dividend yield for the trailing twelve months is around 0.06%, less than GMMA's 3.43% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GMMA GammaRoad Market Navigation ETF | 3.43% | 3.00% | 0.57% |
QTAC Q3 All-Season Tactical Advantage ETF | 0.06% | 0.05% | 0.00% |
Frequently Asked Questions
QTAC and GMMA have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GMMA is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GMMA is cheaper with a 0.75% expense ratio, compared with 1.78% for QTAC.
GMMA has the higher dividend yield at 3.43%, compared with 0.06% for QTAC.
They also come from different issuers: Q3 Asset Management and GammaRoad Capital Partners. Their fees differ too: 1.78% for QTAC and 0.75% for GMMA.
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